Ethereum is surging in price, but some suggest investors should consider switching to Bitcoin to optimize profits.
Ethereum's price is approaching the $3,800 threshold, its highest level in many months, sparking debates in the cryptocurrency community. Some experts still doubt the sustainability of this trend and believe Bitcoin is a safer choice.
Why is Ethereum increasing in price recently?
According to many reports, Ethereum's price surge is mainly due to increased demand from financial institutions and positive events related to Ethereum spot ETF. Many large companies like BitMine and SharpLink have purchased large amounts of ETH and performed Staking to earn rewards. Additionally, recently enacted cryptocurrency regulations have laid a solid foundation for this upward trend.
"Ethereum received significant support in the crypto week, including the passage of three major laws, consolidating ETH's price increase."
Financial expert Alan Walker, 2025
Why does Peter Schiff recommend selling Ethereum and switching to Bitcoin?
Peter Schiff, a gold investor and cryptocurrency critic, believes Ethereum is approaching its peak in the current price range and selling ETH to buy Bitcoin is a more rational choice. He analyzes that although he does not favor these two cryptocurrencies, Bitcoin currently still has a market advantage and greater long-term potential.
"ETH price is near its highest trading range. Holding ETH is not as good as selling it to buy Bitcoin."
Peter Schiff, gold investor, 21/07/2025
How has the market reacted to Peter Schiff's advice?
Peter Schiff's advice has sparked debate in the cryptocurrency community. Many investors and experts defending Ethereum emphasize its long-term potential with Smart Contract applications and Staking mechanisms. SharpLink Gaming declares it will continue Staking ETH instead of selling. Analyst Benjamin Cowen notes that the ETH/BTC price ratio was balanced before Schiff's advice, making conversion not always effective.
He was even mocked on social media for previously giving similar advice about Bitcoin.
What should investors pay attention to in the coming period?
Ethereum is showing a strong upward trend but still risks sudden price corrections. Investors need to monitor whether ETH can maintain its current peak or encounter resistance and then decline. If downward momentum shifts towards Bitcoin, Schiff's perspective could be reinforced.
This is a decisive moment for Ethereum and many altcoins in the coming weeks.
Frequently Asked Questions
What is Ethereum's current trading price?
Ethereum is trading around $3,800, its highest level in recent months, according to market data from July 2025.
Why does Peter Schiff propose selling Ethereum to buy Bitcoin?
He believes ETH is near the end of its price surge and Bitcoin has stronger potential in the current phase.
What factors are supporting Ethereum's surge?
Institutional demand, ETF development, and positive cryptocurrency regulations are the main drivers.
Does Ethereum have long-term potential?
With Smart Contract applications and Staking, Ethereum is still considered sustainable by many experts.
What should investors do when the market is volatile?
They should monitor price developments to decide whether to hold or convert assets according to their risk tolerance and investment goals.
